For Sale
$16,500,000

40815 Ironwood Rd San Tan Valley, AZ 85140

Net-lease shopping center, high NOI, strong cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
138
Ocotillo Trails Marketplace, located at 40815 N Ironwood Rd, San Tan Valley, AZ 85140, presents a compelling investment opportunity. This 39,298 square foot shopping center sits on a sizable 32.98-acre lot and is offered at an asking price of $16,500,000. The property boasts a strong Net Operating Income (NOI) of $957,462, translating to an attractive 5.80% capitalization rate. The center is anchored by a LA Fitness, providing a stable and recognizable tenant. This investment-grade property is classified as a retail shopping center and is offered as a net lease, making it an ideal addition to a diversified portfolio. The property's location in Pinal County, Arizona, within the San Tan Valley community, offers excellent access and visibility. The substantial lot size provides potential for future expansion or development. This is a rare opportunity to acquire a well-performing, established shopping center with significant upside potential. Detailed financial information and property reports are available upon request.

Highlights

  • $16,500,000 asking price for this net-leased retail investment opportunity.
  • 39,298 square feet of retail space in a shopping center.
  • 5.80% cap rate based on a Net Operating Income (NOI) of $957,462.
  • Located on a 32.98-acre lot at 40815 N Ironwood Rd, San Tan Valley, AZ 85140.
  • LA Fitness anchored shopping center.

Property Details for 40815 Ironwood Rd

Property type
Lifestyle centers, Power centers
Square Feet
39,298 SF
Lot Size (sq. ft)
1,436,609 SF

Location Insight

City
San Tan Valley
County
Pinal
State
Arizona
Latitude
33.2498299
Longitude
-111.5616423

FAQs

What type of property is this?
Lifestyle center - Net-lease shopping center, high NOI, strong cap rate.
Where is the lifestyle center located?
The property is located at 40815 Ironwood Rd San Tan Valley, AZ.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: $16,500,000 asking price for this net-leased retail investment opportunity.; 39,298 square feet of retail space in a shopping center.; 5.80% cap rate based on a Net Operating Income (NOI) of $957,462.
How can I contact the broker?
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40815 Ironwood Rd
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